{"id":40494,"date":"2024-07-12T16:58:00","date_gmt":"2024-07-12T11:28:00","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=40494"},"modified":"2025-04-07T15:49:46","modified_gmt":"2025-04-07T10:19:46","slug":"hcl-tech-ireda-in-focus-as-14-companies-report-q1-earnings","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/hcl-tech-ireda-in-focus-as-14-companies-report-q1-earnings\/","title":{"rendered":"HCL Tech, IREDA in Focus as 14 Companies Report Q1 Earnings"},"content":{"rendered":"
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The Indian stock market<\/a> is gearing up as 14 companies are scheduled to announce their financial results for the first quarter ended June 30, 2024. Among the key companies releasing their earnings are the IT giant HCL Technologies and the renewable energy<\/a> firm Indian Renewable Energy Development Agency (IREDA).<\/p>\n\n\n\n

Investors will be closely watching these results for indications of the overall economic health and corporate performance in the country. The IT sector, in particular, has been a key driver of India’s economic growth, and HCL Tech’s results will be closely scrutinized for any signs of slowdown or acceleration in business momentum.<\/p>\n\n\n\n

However, TCS’s robust Q1 results have set a positive tone for the earnings season, indicating a potential improvement in the business landscape. The IT sector will be further in focus as HCL Technologies, among 13 other companies, unveils its financial performance for the quarter ended June.<\/p>\n\n\n\n

Other companies releasing quarterly results include 5paisa Capital, Atharv Enterprises, Betala Global<\/a> Securities, Gautam Gems, Golkonda Aluminum, Indo Cotspin, Infomedia Press, IREDA, and Oriental Hotels.<\/p>\n\n\n\n

Tata Consultancy Services Q1 Results<\/strong><\/h2>\n\n\n\n

Tata Consultancy Services (TCS) reported its Q1 FY25 results, aligning with market expectations. The consolidated net profit increased by 9% year-on-year to Rs 12,105 crore. The company’s April-June revenue from operations grew by 5.4% year-on-year to Rs 62,613 crore. Moneycontrol had estimated a profit of Rs 11,999 crore<\/a> on a revenue of Rs 62,190 crore, based on an average of 10 brokerage estimates.<\/p>\n\n\n\n

M-Cap<\/strong>
(In Cr)<\/strong><\/td>		Revenue From <\/strong>
Operations (In Cr)<\/strong><\/td>		Net Profit<\/strong>
(In Cr)<\/strong><\/td>		Earnings <\/strong>
Per Share<\/strong><\/td>		PE Ratio<\/strong><\/td><\/tr>
423,695<\/td>62,613<\/td>12,105<\/td>33.28<\/td>33.93<\/td><\/tr><\/tbody><\/table>
Source: TCS<\/a><\/figcaption><\/figure>\n\n\n\n
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Source: Economictimes<\/a><\/figcaption><\/figure>\n\n\n\n

TCS faced margin pressure due to wage hikes during the quarter. The EBIT margin dropped to 24.7% in Q1, down 130 basis points from 26% in the previous quarter, matching Moneycontrol’s estimate of 24.7%. <\/p>\n\n\n\n

HCL Tech Expectations<\/strong><\/h2>\n\n\n\n

Based on brokerage firms’ average estimates, HCL Tech is anticipated to report a 6% year-on-year (YoY) increase in net profit for the quarter ending June 2024, amounting to Rs 3,745 crore<\/a><\/span>.<\/p>\n\n\n\n

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Source: Livemint<\/a><\/figcaption><\/figure>\n\n\n\n

The revenue for the quarter is expected to reach Rs 27,997<\/a> crore, marking a 6.5% growth compared to the same period in the previous financial year.<\/p>\n\n\n\n

Q1 2025 (anticipated) Results<\/strong><\/h2>\n\n\n\n
M-Cap<\/strong>
(In Cr)<\/strong><\/td>		Revenue From <\/strong>
Operations (In Cr)<\/strong><\/td>		Net Profit<\/strong>
(In Cr)<\/strong><\/td>		Earnings <\/strong>
Per Share<\/strong><\/td>		PE Ratio<\/strong><\/td><\/tr>
421,839<\/td>27,997<\/td>3745<\/td>57.86<\/td>33.93<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Despite the YoY growth in profit after tax<\/a> (PAT), a sequential decline is possible due to project completions and other factors.<\/p>\n\n\n\n

IREDA <\/strong><\/h3>\n\n\n\n

In Q4 of FY24, the renewable energy-focused public sector company reported a net profit of \u20b9337.37 crore, marking a 33% year-on-year increase. <\/p>\n\n\n\n

Q4 2024 Results<\/strong><\/h3>\n\n\n\n
M-Cap<\/strong>
(In Cr)<\/strong><\/td>		Revenue From <\/strong>
Operations (In Cr)<\/strong><\/td>		Net Profit<\/strong>
(In Cr)<\/strong><\/td>		Earnings <\/strong>
Per Share<\/strong><\/td>		PE Ratio<\/strong><\/td><\/tr>
78,488<\/td>139125<\/td>337.37<\/td>4.66<\/td>20.59<\/td><\/tr><\/tbody><\/table>
Source: IREDA<\/a><\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

As of Q4 FY24, IREDA’s loan book reached \u20b959,698.11 crore, up from \u20b947,052.52 crore in the same quarter the previous year, reflecting a growth of 26.81%. The company recorded all-time high annual loan sanctions of \u20b937,353.68 crore and disbursements of \u20b925,089.04 crore in FY24, showing increases of 14.63% and 15.94%, respectively, compared to the previous year’s loan sanctions of \u20b932,586.60 crore and disbursements of \u20b921,639.21 crore.<\/p>\n\n\n\n

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IREDA’s shares were launched on the stock market<\/a> in November 2023 at \u20b932 per share. Since then, the stock price<\/a> has surged over eight times its initial public offering<\/a> (IPO) price, approaching \u20b9300.<\/p>\n\n\n\n

Factors influencing Q1 results<\/strong><\/h2>\n\n\n\n

Several factors could impact the Q1 results of these companies, including:<\/p>\n\n\n\n